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Difference between local currency and system currency

Apr 13, 2017 at 09:12 AM

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Dear all,

Why would there be a difference in the TB between my Local and System Currency Balances when both are in the same currency?

Shouldn't these balances be the same?

We have differences also in specific BP balance.

Please, can someone help us?

Best regards

Emanuele

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2 Answers

ANKIT CHAUHAN
Apr 13, 2017 at 09:33 AM
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Hi,

SAP Business One can manage all transactions in a system currency parallel to the local currency. Select the required system currency from the list. To define a new currency, select Define New.

If defining a system currency that is not identical to the local (national) currency, the system currency can be used as the reporting currency. For example, the corporate group requires a different reporting currency from the national currency. Also define a daily exchange rate for the system currency. Every document, and all reports and balance sheets are posted in the database in both currencies.

If you do not have a reporting requirement in another currency, set the system currency to your local currency.

For more, refer to SAP Business One Help

https://help.sap.com/saphelp_sbo882/helpdata/en/45/07edb6ae742461e10000000a1553f7/frameset.htm

Hope it helps.

Kind regards,

ANKIT CHAUHAN

SAP SME Support

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Emanuele Croci Apr 13, 2017 at 12:25 PM
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Both system and local currencies are in "CHF", but in our customer's environment, some BP's balance shows different amounts for local and system currency.

Why if they are the same currency?

Kind regards,

Emanuele

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Hi,

Both system and local currencies are in "CHF". But what about the "Currency" on "Business Partner Master Data Screen"?

Kind regards,

ANKIT CHAUHAN

SAP SME Support

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